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Figure 5-11 -Refer to Figure 5-11.If the Price Falls from Point a Falls

Question 257

Multiple Choice

Figure 5-11
Figure 5-11 -Refer to Figure 5-11.If the price falls from point A to point B,total revenue A) increases, and demand is price elastic. B) decreases, and demand is price elastic. C) increases, and demand is price inelastic. D) decreases, and demand is price inelastic.
-Refer to Figure 5-11.If the price falls from point A to point B,total revenue


A) increases, and demand is price elastic.
B) decreases, and demand is price elastic.
C) increases, and demand is price inelastic.
D) decreases, and demand is price inelastic.

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